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The deal was finalized on October 27th and is expected to create chaos and upheaval for this influential platform.
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How Twitter Can Change Now that Elon Musk is The New Owner
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Phew! So, finally, Elon Musk buys Twitter after a few interesting months where he tried to get out of the $44 billion deal.
The deal was finalized on October 27th and is expected to create a new way to make business for this influential platform.
Millions of users around the world are waiting with bated breath to see just what Elon Musk will do with Twitter now that he is the new owner.
Elon Musk has already started putting his mark on Twitter, as can be witnessed in the last few days.
Here are a few things that have already changed and some that are speculated to be implemented soon.
Layoffs at Twitter
Elon Musk, who owns SpaceX and Neuralink, did not waste any time making changes at Twitter as soon as Elon bought Twitter. Top Twitter officials like Parag Agarwal, Chief Executive Officer of Twitter along with directors like David Rosenblatt, Bret Taylor, Egon Durban, and others were fired.
More layoffs are expected as leaders have been asked to make a list of team members that can be cut.
Elon Musk has also been busy trying to decide which Twitter engineers to keep in the organization. Engineers were asked to print out codes from the last two months so they could be reviewed by Tesla and Musk engineers.
Paid Verification
The biggest change that will affect Twitter users is paid verification. Musk believes that introducing this change will allow Twitter to not be so reliant on advertisers.
Elon Musk has proposed charging $8 for keeping the blue-check verified badge on the platform.
Twitter Blue
Twitter Blue, the existing paid version will be combined with verification. Some of the existing features of Twitter Blue may be cut. Elon Musk has proposed that this new subscription will provide users the ability to have priority in search results, replies, and mentions. They will also be able to share longer audio and video posts and read paywalled articles for free.
Content Moderation Changes
Twitter has emphasized the importance of healthy conversations for years. Under the leadership of Jack Dorsey, Twitter banned accounts for spam and abuse, labeled misleading information, and banned misgendering on the platform.
Musk has made his views on content moderation known for a long time and has stated that Twitter could have more relaxed content-moderation policies.
Although no firm decisions have been made yet, he has always emphasized the necessity to have free speech on the platform.
As far as reinstating banned accounts such as that of Trump is concerned, Musk had already stated that he could reverse the perma-ban. So far, Trump has not accepted the offer to rejoin.
Elon Musk has also stated that he wants to make the Twitter’s algorithm more transparent and open source.
Musk had previously ridiculed Twitter for being too slow in introducing product changes. Since the takeover concluded, he has wasted no time in implementing decisions and suggesting changes.
It is yet to be seen how Twitter users respond to many of these changes, although there have already been a lot of discussions on the platform about the paid verification feature.
Bookmark this post, since we’ll be updating as long as the story goes.